PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Can I have two title loans on the same car?
Is it possible to take out two title loans on the same car? I’m swimming in medical bills right now, and I already took out one title loan on my car. Can I apply for another one?
Liz Jenson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Unfortunately, you can’t take out two title loans on the same car. Think of a title loan as you selling a part of your car to a lender. Over time you’ll buy it back in monthly installments, but they can keep the car if you don’t make your payments. In short, taking out two title loans on the same car would be like selling the same car to two different people.
That being said, you can simultaneously take out two title loans on two different cars. Remember, car title loans usually come with a high [APR](https://getjerry.com/advice/what-is-apr-and-how-is-it-calculated-by-marisol-pereira), so you’ll be paying a lot in interest. A second loan might help now, but it could be problematic in the long run. Try applying for a loan from a credit union instead. They usually offer lower interest rates and more flexibility on repayment periods.
In the meantime, cut back on your car insurance costs with the
Jerry
app. A licensed broker, Jerry can help you find and compare quotes from over 50 top providers for free. That way, you can make sure you’re getting the lowest possible rate before you settle.View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
.webp&w=384&q=75)
What Others Are Asking
Browse More Content
Insurance for Your Car
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
